Corvus Insurance

From New wiki
Revision as of 03:25, 9 March 2026 by Wikilah admin (talk | contribs) (Created page with "== Corporate profile and regulatory identifiers == 🏢 '''Cyber insurance MGU.''' Corvus Insurance is a cyber insurance managing general underwriter (MGU) that became a wholly owned subsidiary of The Travelers Companies, Inc. following Travelers' acquisition announcement on November 3, 2023, at a disclosed purchase price of approximately $435 million, with closing publicly reported in early January 2024.<ref name="sec-formd">{{cite web |title=Corvus Insurance Holdings,...")
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to navigation Jump to search

Corporate profile and regulatory identifiers

🏢 Cyber insurance MGU. Corvus Insurance is a cyber insurance managing general underwriter (MGU) that became a wholly owned subsidiary of The Travelers Companies, Inc. following Travelers' acquisition announcement on November 3, 2023, at a disclosed purchase price of approximately $435 million, with closing publicly reported in early January 2024.[1][2]

🏛️ Legal structure. The holding company is Corvus Insurance Holdings, Inc., a Delaware corporation with principal place of business in Boston.[3][1] "Corvus Insurance" is a marketing name referring to Corvus Insurance Agency, LLC (United States) and Corvus Agency Limited (United Kingdom), both subsidiaries of Corvus Insurance Holdings, LLC.[4][3] A continental European presence was established through a Frankfurt office supporting Smart Cyber distribution and underwriting; the acquisition also included Corvus Underwriting GmbH, a German-based MGA.[5][6] Corvus is a private-company group and, post-acquisition, part of Travelers.[2]

📋 Regulatory status. Corvus does not operate as a balance-sheet carrier; its distribution model emphasizes nonadmitted surplus lines placement through licensed surplus lines channels.[3] Corvus Insurance Agency, LLC holds California License No. 0M20816, a widely cited licensing identifier in market communications.[7] A New York State Department of Financial Services published spreadsheet lists Corvus Insurance Agency LLC with an "EX" (excess line) classification, confirming operation within excess and surplus distribution frameworks in New York.[8]

🇬🇧 UK presence. Companies House shows Corvus Agency Limited (Company No. 10336579) as Active, with registered office at 30 Fenchurch Street, London EC3M 3BD.[9] Corvus Agency Limited is an appointed representative of Travelers Underwriting Agency Limited, which is authorized and regulated by the Financial Conduct Authority (FRN 309113).[10]

🇩🇪 German entity restructuring. Effective September 1, 2025, Corvus Underwriting GmbH was acquired by RiskPoint Group A/S, with business transferred to RiskPoint's German branch (RiskPoint A/S — Direktion für Deutschland) and Travelers partnering to provide cyber capacity in Germany and across Europe.[11] This transfer signals that the earlier direct Frankfurt operating platform was reshaped post-Travelers acquisition, and "Corvus Germany" should be treated as a legacy configuration.

🔑 Lloyd's coverholder status. Corvus acquired Tarian Underwriting Limited from Beat Capital Partners Ltd., characterizing Tarian as a Lloyd's coverholder underwriting on behalf of a consortium of Lloyd's syndicates.[12][10] All Corvus products in the U.S. are written on Travelers Excess and Surplus Lines paper, and the operating model is structured as an MGU/MGA on third-party paper rather than a Corvus-owned admitted carrier.[3][2]

~*~

{{safesubst:#invoke:Check for unknown parameters|check|unknown=|preview=Page using Template:Center with unknown parameter "_VALUE_"|ignoreblank=y| 1 | style }}

Leadership and governance

👤 Founder. Philip Edmundson founded Corvus and served as its original CEO before transitioning to Executive Chair/Board Chair. His background includes credentials from Amherst College, Babson College, and Harvard Kennedy School, and he co-founded and served as Chairman and CEO of William Gallagher Associates, later acquired by Arthur J. Gallagher & Co.[13][14][15]

👥 Executive team. Madhu Tadikonda was publicly named CEO in company press releases and was referenced as CEO in the Travelers acquisition announcement.[16][2] A specialist trade outlet reported in December 2025 that Tadikonda was set to leave Travelers after integration, although no successor was identified in available primary sources.[17] Mike Karbassi serves as Chief Underwriting Officer (Cyber), and Jason Rebholz serves as Chief Information Security Officer.[3][18]

🗳️ Board and governance. An SEC Form D filing lists Related Persons including Edmundson, Graham Brooks, Ellen Rubin, Marcus Bartram, Kevin Kelley, and Deven Parekh in executive officer or director roles.[1] The Series B round was led by Telstra Ventures, with Marcus Bartram joining the board.[19] The Series C round was led by Insight Partners, with Deven Parekh joining the board and David Spiro joining as board observer.[20] A subsequent board update indicates Ellen Rubin joined the board alongside investor-representative members Liam Donohue, Matt Harris, and Vikas Singhal.[21]

🔍 AXA connection. No AXA-linked investor, capacity provider, or distribution partnership was identified in disclosed Corvus, Travelers, Companies House, or partnership materials.[19][2]

~*~

{{safesubst:#invoke:Check for unknown parameters|check|unknown=|preview=Page using Template:Center with unknown parameter "_VALUE_"|ignoreblank=y| 1 | style }}

Ownership, funding, and acquisition economics

💰 Corvus Insurance — venture funding rounds and acquisition, 2018–2024[22][3][2]
Round Date Amount raised Lead investor(s) Notable co-investors Post-money valuation Cumulative funding
Seed 2018-03 $4M Bain Capital Ventures — — $4M
Series A 2018-11 $10M .406 Ventures Hudson Structured Capital Management; Bain Capital Ventures — $14M
Series B 2020-01 $32M Telstra Ventures Obvious Ventures; .406 Ventures; Bain Capital Ventures; Hudson Structured Capital Management — $46M
Series C 2021-03 $100M Insight Partners .406 Ventures; Bain Capital Ventures; Hudson Structured Capital Management; Telstra Ventures; Obvious Ventures; MTech Capital $750M $147M
Series C extension 2021-05 $15M FinTLV; Aquiline Technology Growth — — $162M
Acquisition 2023-11 (announced) / 2024-01 (completed) ~$435M The Travelers Companies, Inc. — — —

📈 Valuation trajectory. Corvus disclosed cumulative venture funding of $162 million by May 2021.[23] A Series C valuation of $750 million was reported in March 2021 trade press.[16] An SEC Form D associated with Corvus Insurance Holdings, Inc. reflects an exempt equity offering with total amount sold of $110,684,853 and first sale date of March 5, 2021, directionally consistent with the $100 million Series C plus related structuring effects common in Form D reporting.[1]

📉 Exit discount. The Travelers acquisition price of approximately $435 million fell materially below the last publicly reported $750 million valuation, implying a lower exit than the 2021 peak-round pricing, although exact comparison is limited by unknown preference stacks, option pools, and any interim recapitalization mechanics.[16]

~*~

{{safesubst:#invoke:Check for unknown parameters|check|unknown=|preview=Page using Template:Center with unknown parameter "_VALUE_"|ignoreblank=y| 1 | style }}

Business model and distribution

🔧 Operating model. Travelers described Corvus as an industry-leading cyber insurance MGU with a strong presence in the middle-market excess and surplus cyber insurance marketplace, serving wholesale brokers and large retail producers, with capabilities including underwriting algorithms and vulnerability scanning throughout the policy period.[2] Corvus positions itself as a wholesale partner combining Travelers' claims-paying strength with Corvus' technology to streamline quoting and renewals.[24]

⚡ Distribution architecture. Quotes are typically returned in under two hours for most submissions, with autoquote in less than a minute for eligible risks, and API-based quoting available through distribution partnerships.[25] Corvus also markets API-enabled integrations and partner-specific enhancements through its distribution partnership program.[26]

🎯 Underwriting appetite. Smart Cyber Insurance covers primary and excess placements with limits up to $10 million (aggregate covered losses) and an annual revenue ceiling of $5 billion for insureds, alongside increased appetite for businesses below $30 million revenue with particular focus on sub-$10 million revenue.[3] Smart Tech E&O covers primary and excess risks for businesses up to $2 billion in gross annual revenue, with limits up to $5 million and retentions as low as $2,500.[25] An earlier continental Europe partnership with Travelers focused on SMEs and middle-market businesses up to EUR 1 billion annual revenue, primarily in Germany and Austria.[5]

📊 Customer mix signals. Travelers' acquisition announcement references a $200+ million book of business, consistent with a scaled middle-market cyber program rather than purely micro-SME volume.[2] Corvus explicitly states primary and excess placements with materially elevated revenue ceilings (up to $5 billion), operationally compatible with mid-market and larger enterprise placements, while simultaneously stating increased appetite for sub-$10 million revenue insureds.[3] Covered industry classes include healthcare, financial institutions, manufacturing, construction, retail, education, professional services, and life sciences.[25]

~*~

{{safesubst:#invoke:Check for unknown parameters|check|unknown=|preview=Page using Template:Center with unknown parameter "_VALUE_"|ignoreblank=y| 1 | style }}

Product coverage and policy wording

📝 Smart Cyber Insurance. The specimen "Corvus Smart Cyber Insurance" form (CB-101-001) provides coverage on a claims-made-and-reported basis for Claims, with Loss first discovered and notified during the policy period (or extended reporting period). Defense expenses reduce applicable limits and may exhaust the policy aggregate limit.[27] Third-party insuring agreements include Network Security and Privacy Liability, Regulatory Investigations/Fines/Penalties, Media Liability, PCI DSS Assessment Expenses, and Breach Management Expenses.[27]

🛡️ First-party coverages. The Smart Cyber form provides first-party insuring agreements spanning:

  • Business Interruption caused by Privacy Breach, Security Breach, Administrative Error, or Power Failure
  • Contingent Business Interruption tied to an Outsourced Service Provider's computer system
  • Digital Asset Destruction, Data Retrieval, and System Restoration
  • System Failure Coverage (including Administrative Error, Unintentional Damage/Destruction, Computer Crime, or Computer Attacks)
  • Social Engineering and Cyber Crime Coverage (Financial Fraud Loss, Telecommunications Fraud Loss, Phishing Attack Loss, theft of Funds Held in Escrow, and theft of Personal Funds)
  • Reputational Loss Coverage arising from a Media Event tied to breach or extortion/phishing scenarios
  • Cyber Extortion and Ransomware Coverage (extortion expenses and extortion payment)
  • Breach Response and Remediation Expenses
  • Court Attendance Costs[27]

🔒 Embedded services. The form includes Dynamic Loss Prevention Services — IT security assessments and recommendations requestable as frequently as once every 14 business days — and Pre-Claim Support Services under which the insurer may agree to pay up to $1,000,000 in breach management and incident response expenses to mitigate a potential loss, subject to prior written consent and mutually agreed vendors.[27]

💼 Smart Tech E&O. The specimen "Corvus Smart Tech E&O Insurance" form provides third-party coverage on a claims-made-and-reported basis and first-party coverage for Events first discovered and notified during the policy period.[28] Third-party coverages mirror the Smart Cyber form in structure (network security/privacy, regulatory, media, PCI) and add Technology and Professional Services Liability.[28] A notable structural feature of the first-party business interruption language explicitly includes reasonable and necessary intentional shutdown of a computer system to mitigate or avoid loss that would otherwise arise from a Security Breach, Privacy Breach, or Extortion Event, alongside system failure triggers.[28]

⚠️ Notable exclusions. The Smart Cyber form contains exclusions including prior knowledge/notification, deliberate acts (with defense-cost handling until final adjudication), and insured-vs-insured framing.[27] A traditional War exclusion covers war, invasion, warlike operations, civil war, and rebellion/insurrection, but does not present a cyber-specific nation-state definition or explicit carve-back in the cited specimen text.[27] Additional exclusions address satellite, electrical or mechanical failures (including brownout/blackout) and utility infrastructure outage (gas, water, telecommunications, telephone, internet, cable), unless the infrastructure is under the insured's direct operational control.[27]

~*~

{{safesubst:#invoke:Check for unknown parameters|check|unknown=|preview=Page using Template:Center with unknown parameter "_VALUE_"|ignoreblank=y| 1 | style }}

Cyber risk services and technology

📡 Corvus Signal. Corvus Signal is a risk prevention solution comprising three components: Risk Insights (always-on threat intelligence and same-day targeted alerts, with claims that alerted organizations patch systems three times faster and receive approximately two weeks' advance notice before alerted threats are exploited in the wild), Risk Advisory (personalized security advice from Corvus experts), and Risk Dashboard (a proprietary platform providing 24/7 access to scan findings, threat alerts, assessments, and introductions to vetted security and incident response vendors).[18]

📉 Loss reduction claims. Policyholders engaging with Corvus Signal over a three-year period reportedly experienced up to 20% lower frequency and cost of cyber breaches, framed as a contributor to disclosed loss ratio performance.[18]

🖥️ Underwriting technology. Corvus scans for 20,000 data points every time a policy is quoted, integrating this data into underwriting recommendations and renewal workflows.[29] A 24/7 incident response and claims hotline capability is also marketed.[30] Consultative services (Dynamic Loss Prevention Services) are embedded in the policy form as access rights rather than stand-alone subscriptions, and Pre-Claim Support Services are subject to insurer consent, indicating these are designed as program features within the premium structure.[27]

~*~

{{safesubst:#invoke:Check for unknown parameters|check|unknown=|preview=Page using Template:Center with unknown parameter "_VALUE_"|ignoreblank=y| 1 | style }}

Capacity, reinsurance, and strategic partnerships

📄 Travelers paper. By May 2024, Corvus completed a full transition to Travelers Excess and Surplus Lines paper for all products.[3] Travelers began serving as capacity provider for Corvus products in the United States from October 1, 2023.[31]

🤝 SiriusPoint and R&Q partnership. Corvus and SiriusPoint Ltd. disclosed a strategic investment and multi-year underwriting capacity partnership in 2021, structured as a new program with R&Q Accredited as the fronting insurer.[32] This program enabled Corvus to take on primary and excess cyber liability risks for businesses up to $1 billion revenue with limits up to $5 million, with claims managed end-to-end by Corvus' in-house team; other Smart Cyber programs remained intact and separate.[32] In July 2022, the partnership expanded with an additional $100 million added to the program, described as a multi-year investment, though whether it represents premium capacity, committed capital, or a blended commitment was not fully itemized.[33]

🏛️ Lloyd's access. Through the acquisition of Tarian Underwriting Limited, Corvus obtained access to Lloyd's cyber insurance capacity, with Tarian's established footprint spanning the UK, US, Middle East, Canada, and Australia.[12]

🌍 European trajectory. Corvus entered continental Europe via a multi-year cyber insurance partnership with Travelers anchored by a Frankfurt office and Germany/Austria focus in late 2022.[5] A 2024 Solvency II SFCR for a Travelers European entity described Corvus Underwriting GmbH as a German-based MGA acquired with Corvus, with no changes in trading conditions during the reporting year.[6] The subsequent acquisition of Corvus Underwriting GmbH by RiskPoint Group, effective September 1, 2025, transferred operations to RiskPoint's German branch with Travelers providing ongoing cyber capacity.[11]

🔎 AXA relationship. No relationship with AXA XL was identified as a capacity provider, reinsurer, investor, distribution partner, or executive/board linkage across all reviewed Corvus, Travelers, Companies House, and partnership disclosures.[2]

~*~

{{safesubst:#invoke:Check for unknown parameters|check|unknown=|preview=Page using Template:Center with unknown parameter "_VALUE_"|ignoreblank=y| 1 | style }}

Financial signals and competitive positioning

📊 Corvus Insurance — key financial indicators (disclosed data only)[29][2][16]
Metric Most recent figure Source
Gross written premium (GWP) Proxy: "$200+ million book of business" (Nov 2023 acquirer reference) Travelers acquisition press release
GWP growth rate (YoY) Proxy: 80% cyber premium growth in 2022 Corvus loss ratio release
Net loss ratio 36% U.S. 2022 ultimate loss ratio (all lines and risk capital partner results) Corvus loss ratio release
Headcount ~140 employees (2021 reference) Insurance Journal

💹 Competitive posture. Corvus is best characterized as an E&S-oriented cyber MGU with wholesale broker emphasis, integrated underwriting technology, and embedded risk services, now nested within Travelers' balance sheet and claims infrastructure.[2] Its disclosed configuration — wholesale distribution, E&S cyber, proprietary scanning with continuous monitoring, and claims/risk services integration — places it closest to the "full-stack cyber platform plus underwriting MGU" cluster rather than a purely digital direct SME-only MGA.[2]

🏰 Competitive moat. Corvus claims a quoting process incorporating 20,000 data-point scans alongside ongoing threat intelligence and targeted alerts, providing a data and risk telemetry advantage.[29] Fast quote turnaround (hours; autoquote under one minute for eligible risks) and API-based partner quoting indicate distribution workflow lock-in potential.[25] Transition to Travelers E&S paper consolidates capacity under a single group and reduces counterparty churn risk, though it concentrates dependence.[3] Corvus disclosed a 2022 ultimate loss ratio of 36% and 80% cyber premium growth that year, suggesting profitable scaling during a challenging cyber market window, although this definition is not identical to statutory combined ratio reporting.[29]

~*~

{{safesubst:#invoke:Check for unknown parameters|check|unknown=|preview=Page using Template:Center with unknown parameter "_VALUE_"|ignoreblank=y| 1 | style }}

Risk factors

⚡ Capacity dependency. Corvus' full transition to Travelers E&S paper implies single-group capacity concentration, raising questions about whether underwriting autonomy and risk appetite governance remain Corvus-led versus centralized within Travelers Specialty, and whether historical third-party capacity relationships remain active.[3]

📜 Surplus lines friction. Corvus' distribution model emphasizes nonadmitted surplus lines placement lacking guaranty fund protection, which can create friction in certain insured segments and regulatory climates.[3]

🌐 Systemic cyber exposure. Despite continuous monitoring and vulnerability identification, systemic cyber risk remains structurally correlated across portfolios. Quantitative aggregation limits, reinsurance protections, and portfolio concentration metrics are not available in public disclosures.[2]

📋 Policy wording sensitivity. Broad exclusions in the Smart Cyber form — including war and utility infrastructure outage — can materially shape claim outcomes in widespread or nation-state-adjacent events and major infrastructure disruptions.[27]

🗺️ Geographic restructuring. The transfer of the German MGA entity to RiskPoint signals strategic realignment of Travelers' cyber distribution in DACH markets and raises continuity questions for Corvus-branded underwriting in Europe.[5]

👤 Leadership transition. Trade press reported a planned CEO departure post integration, and the leadership succession plan is not available in primary disclosures, making this a diligence priority.[2][17]

~*~

{{safesubst:#invoke:Check for unknown parameters|check|unknown=|preview=Page using Template:Center with unknown parameter "_VALUE_"|ignoreblank=y| 1 | style }}

Strategy and outlook

🎯 Strategic pillars. Corvus' disclosed near-term trajectory includes expanding underwriting appetite (limits and revenue ceiling increases), growing the small business segment, consolidating paper on Travelers E&S, and continuing to differentiate through risk prevention and continuous monitoring services.[3]

❓ Open diligence questions. Key areas for further investigation include the post-integration operating model and delegation boundaries between Corvus underwriting leadership and Travelers Specialty governance; an updated management roster and decision rights following reported leadership changes; the current reinsurance structure behind Travelers E&S paper for Corvus-originated portfolios; and the status of non-U.S. programs after the RiskPoint acquisition of the German MGA entity.[3][17][11]

~*~

{{safesubst:#invoke:Check for unknown parameters|check|unknown=|preview=Page using Template:Center with unknown parameter "_VALUE_"|ignoreblank=y| 1 | style }}

Company timeline

📅 Corvus Insurance — key corporate milestones, 2016–2025[1][2][3][29]
Date Event
2016 Delaware incorporation of Corvus Insurance Holdings, Inc.[1]
2017 Company founding year as described in transaction and funding communications.[2]
2018-03 $4M seed round (led by Bain Capital Ventures).[22]
2018-11 $10M Series A (led by .406 Ventures; participation by Hudson Structured and Bain Capital Ventures).[34]
2020-01 $32M Series B (led by Telstra Ventures).[19]
2021-03 $100M Series C (led by Insight Partners); $750M valuation reported in trade press.[20]
2021-05 $15M Series C extension (FinTLV and Aquiline Technology Growth); total funding $162M.[23]
2021-08 Acquisition of Wingman Insurance (admitted cyber and tech E&O platform).[35]
2021-09 SiriusPoint and R&Q Accredited partnership (multi-year capacity; fronting; up to $5M limits for up to $1B revenue risks).[32]
2022-01 Acquisition of Tarian Underwriting Limited (Lloyd's coverholder; Lloyd's cyber capacity access).[12]
2022-07 Opening of Frankfurt office; SiriusPoint/R&Q partnership expanded by $100M.[36]
2022-08 Tadikonda named CEO; Edmundson shifts to Executive Chair/Board Chair.[37]
2022-11 Travelers partnership for Smart Cyber in continental Europe (Germany/Austria focus; up to EUR 1B revenue).[5]
2023-05 Disclosed 2022 U.S. ultimate loss ratio of 36% and 80% cyber premium growth.[29]
2023-09 Travelers to serve as capacity provider for Corvus U.S. products from October 1, 2023.[31]
2023-11 Travelers announced acquisition of Corvus for ~$435M; $200+ million book of business referenced.[2]
2024-01 Travelers completed acquisition of Corvus.[38]
2024-05 Full transition to Travelers E&S paper; limits doubled to $10M aggregate; revenue ceiling raised to $5B; increased sub-$10M SME appetite.[3]
2025-09 RiskPoint acquired Corvus Underwriting GmbH; business transferred to RiskPoint's German branch with Travelers providing European cyber capacity.[11]
~*~

{{safesubst:#invoke:Check for unknown parameters|check|unknown=|preview=Page using Template:Center with unknown parameter "_VALUE_"|ignoreblank=y| 1 | style }}

References

  1. ↑ 1.0 1.1 1.2 1.3 1.4 1.5 {{#invoke:citation/CS1|citation |CitationClass=web }}
  2. ↑ 2.00 2.01 2.02 2.03 2.04 2.05 2.06 2.07 2.08 2.09 2.10 2.11 2.12 2.13 2.14 2.15 2.16 {{#invoke:citation/CS1|citation |CitationClass=web }}
  3. ↑ 3.00 3.01 3.02 3.03 3.04 3.05 3.06 3.07 3.08 3.09 3.10 3.11 3.12 3.13 3.14 3.15 {{#invoke:citation/CS1|citation |CitationClass=web }}
  4. ↑ {{#invoke:citation/CS1|citation |CitationClass=web }}
  5. ↑ 5.0 5.1 5.2 5.3 5.4 {{#invoke:citation/CS1|citation |CitationClass=web }}
  6. ↑ 6.0 6.1 {{#invoke:citation/CS1|citation |CitationClass=web }}
  7. ↑ {{#invoke:citation/CS1|citation |CitationClass=web }}
  8. ↑ {{#invoke:citation/CS1|citation |CitationClass=web }}
  9. ↑ {{#invoke:citation/CS1|citation |CitationClass=web }}
  10. ↑ 10.0 10.1 {{#invoke:citation/CS1|citation |CitationClass=web }}
  11. ↑ 11.0 11.1 11.2 11.3 {{#invoke:citation/CS1|citation |CitationClass=web }}
  12. ↑ 12.0 12.1 12.2 {{#invoke:citation/CS1|citation |CitationClass=web }}
  13. ↑ {{#invoke:citation/CS1|citation |CitationClass=web }}
  14. ↑ {{#invoke:citation/CS1|citation |CitationClass=web }}
  15. ↑ {{#invoke:citation/CS1|citation |CitationClass=web }}
  16. ↑ 16.0 16.1 16.2 16.3 {{#invoke:citation/CS1|citation |CitationClass=web }}
  17. ↑ 17.0 17.1 17.2 {{#invoke:citation/CS1|citation |CitationClass=web }}
  18. ↑ 18.0 18.1 18.2 {{#invoke:citation/CS1|citation |CitationClass=web }}
  19. ↑ 19.0 19.1 19.2 {{#invoke:citation/CS1|citation |CitationClass=web }}
  20. ↑ 20.0 20.1 {{#invoke:citation/CS1|citation |CitationClass=web }}
  21. ↑ {{#invoke:citation/CS1|citation |CitationClass=web }}
  22. ↑ 22.0 22.1 {{#invoke:citation/CS1|citation |CitationClass=web }}
  23. ↑ 23.0 23.1 {{#invoke:citation/CS1|citation |CitationClass=web }}
  24. ↑ {{#invoke:citation/CS1|citation |CitationClass=web }}
  25. ↑ 25.0 25.1 25.2 25.3 {{#invoke:citation/CS1|citation |CitationClass=web }}
  26. ↑ {{#invoke:citation/CS1|citation |CitationClass=web }}
  27. ↑ 27.0 27.1 27.2 27.3 27.4 27.5 27.6 27.7 27.8 {{#invoke:citation/CS1|citation |CitationClass=web }}
  28. ↑ 28.0 28.1 28.2 {{#invoke:citation/CS1|citation |CitationClass=web }}
  29. ↑ 29.0 29.1 29.2 29.3 29.4 29.5 {{#invoke:citation/CS1|citation |CitationClass=web }}
  30. ↑ {{#invoke:citation/CS1|citation |CitationClass=web }}
  31. ↑ 31.0 31.1 {{#invoke:citation/CS1|citation |CitationClass=web }}
  32. ↑ 32.0 32.1 32.2 {{#invoke:citation/CS1|citation |CitationClass=web }}
  33. ↑ {{#invoke:citation/CS1|citation |CitationClass=web }}
  34. ↑ {{#invoke:citation/CS1|citation |CitationClass=web }}
  35. ↑ {{#invoke:citation/CS1|citation |CitationClass=web }}
  36. ↑ {{#invoke:citation/CS1|citation |CitationClass=web }}
  37. ↑ {{#invoke:citation/CS1|citation |CitationClass=web }}
  38. ↑ {{#invoke:citation/CS1|citation |CitationClass=web }}

{{#invoke:Check for unknown parameters|check|unknown=|preview=Page using Template:Reflist with unknown parameter "_VALUE_"|ignoreblank=y| 1 | colwidth | group | liststyle | refs }}

Retrieved from "https://insurerbrain.mediawiki.site/w/index.php?title=Corvus_Insurance&oldid=6443"